Global Incubator Device Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027
MarketResearch.biz, in its upcoming report titled, “Global Incubator Device Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”, offers in-depth insights, revenue details, and other vital information regarding incubator device and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report also offers insightful and detailed information regarding the various key players operating in the global incubator device market, and their financials, apart from strategies, acquisitions & mergers, and market footprint.
An incubator is a device used to grow and maintain cell culture, microorganism culture and neonatal. The incubator maintain temperature, humidity, oxygen, and carbon dioxide etc. needed for growth and maintenance of bacterial culture or neonates. Incubators are available in different sizes ranging from small to room size, catering to different requirements. Incubator provide clean environment, protection from dust, infection and excessive handling. Application of Incubators include, laboratory, medical treatment, biological application, tissue culture and genetic engineering. In laboratory, incubator is used to grow and storage of bacterial cultures. In medical treatment, incubator is used for hatching eggs and taking care of premature or sick babies. In biological application, incubator is used for pharmaceutical studies, hematological studies, biochemical studies, food processing, cell aeration, plant and animal studies, solubility studies, and fermentation studies. In tissue culture, incubator is used for studying extraction of tissue fragments from animals and plants. In genetic engineering, incubators are used for manipulating genetic materials in explants and combining DNA from discrete sources to create new organisms.
Increasing prevalence of premature babies and lower weight of baby at time of birth, which are needed to be investigate and are kept in incubators, are expected to boost the global incubator device market. According to WHO 2017, an estimated 15 million babies are born premature (before 37 completed weeks of gestation), and this number is rising every year. Across 184 countries, the rate of premature babies birth ranges from 5% to 18% of babies born. In addition, government initiative on investment for crop research, increase in clinical testing process, increase development of new drug delivery system is expected to drive the demand for incubator device globally. High Installation and maintenance cost are the factor hindering the growth of global incubator device market.
Various incubator distributors focus on partnering with global manufacturing companies for importing devices into regional as well as locally. Domestic manufacturers are partnering with foreign companies for adopting their proprietary technology and indigenizing the products for local market are some of the current trends witnessed in incubator device industry.
The global incubator device market has been segmented on the basis of type and region. The regions segment covered include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The incubator device market in North America region currently dominates the global market due to growing investments in R&D leading to the expansion of research facilities for biomedical, life science, and agricultural research. The market in Asia Pacific is anticipated to witness a high CAGR owing to increasing incidence of premature babies in countries such as India, China, Indonesia, Pakistan and Bangladesh According to WHO 2017, some of the premature babies’ statistics in certain countries in Asia Pacific region are India 3.5 million, China 1.1 million, Pakistan 7.4 lakhs, Indonesia 6.7 lakh and Bangladesh 4.2 lakh.
Segmentation on the basis of type:
- Neonatal incubators
- Hatching incubators
- Peltier cooling incubator
- Compressor cooled incubator
- Microbiological incubators
Segmentation on the basis of region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Thermo Fisher Scientific Inc.
- LTE Scientific Limited
- Binder GmbH
- Shel Lab
- Memmert GmbH + Co. KG
- Shanghai Yiheng Technology Co., Ltd
- NuAire, Inc.
- Hettich AG
- Heal Force
- Panasonic Healthcare Co., Ltd.
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